Household Spending Intentions June 2022

The CommBank Household Spending Intentions (HSI) Index rose by a modest 0.9%/mth, taking the index back to an equal record-high of 117.3.  On an annual basis the HSI index is up 11.9% relative to June 2021.  Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the latest results and note the gains in June were narrowly based, driven by high prices and spending on transport, education and household services. Stephen also notes that there are growing signs that the interest rate sensitive parts of the economy are slowing, including entertainment, home buying and retail.

 

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